Finance – Page 65
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Analysis & InsightClear strategy expected from new Marston’s CEO
Marston’s full year results should address three core elements in order to improve shareholder value, believes analyst Peel Hunt.
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NewsNightcap acquires Barrio Familia for £4.9m
The acquisition comprises four tequila-led cocktail bars trading under the Barrio brand, and high-end Soho cocktail bar Disrepute
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NewsCorbin & King heads for High Court in insurance face-off
The Wolseley operator is in a £4.5m dispute with Axa over a business interruption claim
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InterviewsMW Eat has ‘borrowed heavily’ to fill cash flow gap
The chairman of the Chutney Mary and Masala Zone owner said the business has lost more cash in the last year than it has made in the last five
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NewsSoho House sees strongest recovery in UK
Membership Collective Group, owner of Soho House, is expected to open a club in Brighton in the first quarter of 2022.
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NewsFuller’s: ‘We are rebuilding well’
Fuller’s reports a strong set of financials for the first half of FY22, with a return to profit and the resumption of its dividend.
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NewsYo! explores private takeover
Snowfox Group is reported to have asked advisers to canvas interest from bidders following a number of takeover approaches
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NewsClean Kitchen Club raises £1.4m
The vegan QSR brand aims to open up to 40 new sites across the UK in the next few years, beginning with a larger flagship restaurant in Soho that will launch early next year
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NewsRevolution to launch fourth brand
The news came with the announcement for annual pre-tax loss of £26.3m compared with a loss last time of £31.7m in the 53 weeks to 3 July.
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NewsTRG increases forecasts
The revision comes off the back of “market outperformance” in like-for-like sales in recent months at Wagamama, and its pubs and leisure businesses
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NewsNightcap ‘really pleased’ with post lockdown performance
Nightcap has seen record trading in recent weeks, with the bar group looking to accelerate its pipeline despite deepening pre-tax losses.
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NewsAdvisors appointed for Burger King UK float
Burger King UK’s backer Bridgepoint has appointed Bank of America and Investec to advise on the floatation of the fast-food giant, during the first half of 2022
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Analysis & InsightStrong winter trading will boost M&A activity in Q1
A number of longer-term trends are proving more attractive to investors now than pre-Covid, according to Graeme Smith at AlixPartners
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NewsTim Martin: Wetherspoon still a broad church
The Wetherspoon chairman has shrugged off a disappointing trading update, telling MCA he hopes the legacy of the pandemic will be “temporary, not permanent”
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NewsYoung’s: ‘Well positioned for long-term growth’
Pub operator Young’s has reported ‘strong trading’ as a result of last year’s capex programme and consumer demand.
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NewsBankers boosting sales at Pret
City workers are returning to their offices at rates outstripping Paris and New York if Pret’s sales are anything to go by.
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NewsDraught ales and breakfast sales down at Wetherspoon
JD Wetherspoon has seen like-for-like sales down 8.9% for the first 15 weeks of the financial year to 7 November 2021.
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News‘Businesses need to be resilient and robust’
Specialist investors have been busy within the sector but there is a need for banks and generalist private equity players to return to market, heard delegates at MCA’s Restaurant Conference
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InterviewsShepherd Neame: ‘No shortage of opportunities to invest’
After major capex projects were put on hold during the pandemic, chief executive Jonathan Neame is eager to up investment
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NewsJonathan Neame: ‘Pubs every bit as core to British life’
Shepherd Neame has reported a full year loss before tax of £16.4m, but reported strong trading since reopening.